The Multi Commodity Exchange of India
Ltd (MCX) has received the regulator Sebi’s approval for the launch of gold option
contracts with 1 kg gold futures the underlying commodity.

The exchange said in its circular
that the date for launching options in gold would be announced
separately but traders expect it to start trading around Diwali time.

The regulator has allowed only one
commodity option per exchange on a pilot basis. Non-agri commodities want to
have an average turnover of Rs. 1,000 crore and the commodity needs to be in
the top five list in terms of daily turnover.